Some excerpts from "Lies", one of my favorite essays by George Chelekis:
"Those who lie don't just do it once. They do it on a continuous basis. If you hang around liars long enough, you will
soon begin to believe that black is white and white is red and red is blue. And so forth. The SECRET to detecting a
liar is by observing their behavior. The key is LOOK, don't listen.
If they are dumping their stock, they are telling you that "in 2 hours we'll find out if this hole hits." Pure horsefeathers. If they tell you the assays are coming back on Wednesday and you are still waiting a week later, RUN for the exit. If that incredible deal is coming through in August, and we are now in December, RUN RUN RUN.
You are being played for a few more days, weeks, months, etc. until a new wave of buying comes in. The insider, stock promoter, and (yes, even your) stockbroker already knows or suspects the outcome and is frantically trying to prevent you from dumping.... until that NEW wave of buying can come in so they can dump THEIR shares.
There are a few observations I've made or even had handed to me which can help you detect the liar who is lying. Here are some of his lies:
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2. The "deal" is taking longer than expected. The Sultan will be flying in from Brunavia any day now with the "check." Forget it. This is a lie. The play is over. Next, it will be the "Emperor" from "Mars" which will be flying in his spaceship with a load of platinum.
3. The "deal" is so big that it is unbelievable. Well, it is. Anyone who IS in business, or has been in business, knows that something that "just happens" overnight has been years in the making. (I once had a successful publishing company that "took off" one day. Or so my new employees thought. I had actually tested it, piloted it, tinkered with it, ironed out most of the flaws, etc. over a three year period!) Rule: When one is truly desperate, they go for the grandslam home run "of all time." And their "success" depends entirely on getting YOU to believe it.
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COPYRIGHT (c) 1995 by George Chelekis. ALL RIGHTS RESERVED. " |
